205 5th Ave Venice, CA 90291
Active
$2,495,000
6%
2 Units
5 Beds
4 Baths
2,743 Area(sq.ft.)
4,141 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | n/a | n/a | $ 7,000 |
| Unit 2 | 1 | 3 | 2 | No | $ 5,750 | $ 5,750 | $ 7,000 |
| 2 | 2 | 5 | 4 | $ 5,750 | $ 5,750 | $ 14,000 |
| MLS #: | 24-395243 |
| Days On Market: | 169 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 910 |
| Price per unit: | $ 1,247,500 |
| Year Built: | 1929 |
Property Details
Welcome to this timeless and dreamy Spanish duplex located in the vibrant Rose Corridor, nestled between Venice and Santa Monica. With the perfect blend of classic elegance, timeless style, and modern upgrades, this two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, and boutiques. Also, just a short stroll to Whole Foods, parks, and more. Seller is open to partial seller financing at 6% for 2 years.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 50% |
| Gross Operating Income: | $ 69,000 |
| Total Annual Expense: | $ 32,196 |
| Net Operating Income: | $ 32,196 |
| Gross Annual Income: | $ 69,000 |
| Gross Rent Multiplier: | 15.70 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Smoke Detector, Carbon Monoxide Detector(s) |
| Style: | Spanish |
| Sewer: | In Street |
| View Description: | City, Tree Top, Ocean |
| Water: | In Street |
Land & Parking
| Zoning: | LARD2 |
| Parking Garage: | Garage - 1 Car, Carport, Uncovered |
Interior
| Cooking Appliances: | Oven |
| AC/Cooling: | Ceiling Fan, Wall/Window, Wall Unit(s) |
| Equipment: | Washer, Dryer, Ceiling Fan, Range/Oven, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | Decorative, Living Room |
| Laundry: | Outside, Room, Community |
| Laundry Equipment: | Own |
| Patio Features: | Balcony, Deck(s), Patio Open, Porch - Front |
Exterior
| Pool: | No |
| Spa: | No |
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